Lowering Car Insurance for Young Drivers

5 Easy Steps to Reduce Your Car Insurance

If you want to save money when you purchase your car
insurance, particularly as a young driver, here is a simple 5 step plan that
works every time. You can save money online rather than ploughing through
the Yellow Pages.

STEP 1 - Choose the right cover
Take Third Party Cover only. Assuming you are like most new drivers, your
first car is usually a cheap one. If it is worth up to a few hundred pounds,
or even up to £1000, then consider getting the very basic level of cover -
Third Party Cover only. If you think that is too risky, and you feel your
car is worth more, then go for Third Party Fire & Theft Cover. You will
still save a lot over Fully Comprehensive Cover and you will still be covered
for most non-fault claims.

STEP 2 - Lower your chosen cover still further
All of the following can bring your chosen level of cover down even more -
Get a cheap Group 1 or Group 2 rated car, make a point of your low mileage
(if your car is only for local journeys), consider fitting an alarm / immobiliser
(if your car doesn't have one), keep your car off-road or garaged overnight,
don't have cover you don't really need like a courtesy car (it all gets added
to your premium), increase your excess, take the Pass Plus test if you are
newly qualified, take an advanced driving test, put an experienced named driver
on your policy, don't pay by direct debit (use a low rate credit card).

STEP 3- Get at least 5 targeted online
You simply must put aside about an hour to complete a few online quote forms.
It may sound like a bind, but if we can show you which companies to contact,
brokers are the best place to start, then you could be saving £200 - £500
for 1 hour's work!

STEP 4 - Check the results

If you want to take a crack at further reducing these quotes then do the following.
Take the three cheapest quotes from the above listed price comparison / broker
sites, and then go to each individual insurers web site. You then request
one separate quote from each of these three companies. You do this because
it is not uncommon for a Direct Insurer to look at your young driver car insurance
quote and lower it even further.

STEP 5 - Contact your current insurer

Once you have secured your definitive lowest quote it is time to contact your
current provider. You then give your current insurer the opportunity to beat
your best quote.